SSA overpayment of benefits
In 2025 I had a part time gig with my former employer. I retired in 2018. I received a notification in my SSA.gov account of a new message, a 10 page document stating my 2025 benefits were overpaid as I had exceeded my yearly earnings limit. I don’t dispute this and don’t think this was in anyway a SPAM notice.
My ? is this, since this overpayment was included in my 2025 1099-SSA, and I included these SSA payments in my 2025 Federal Income Tax return, and I am repaying this amount in 2026, will my 2026 1099-SSA reflect a reduction in my SSA earnings for this repayment amount?
Thank you for considering this question.
Terry Says
This doesn’t seem right — There is no yearly earnings limit — except if you start collecting before your full retirement age. In that case, your benefits will be reduced by $1 for every $2 you earned over the limit, ($24,480 per year ($2,040/month) in 2026, for example) — except for the year before you reach full retirement age, when the limit (in 2026) jumps to $65,160 — and the benefits received are reduced $1 for every $3 above the limit.
I have no idea how they will treat this for future benefits. You’ll have to check your SS account at https://www.ssa.gov/myaccount/
But this serves as an important reminder NOT to collect SS before your Full Retirement Age — especially if you are going to go back to work!
